Month: December 2016

Top Professional Custom Essay Secrets

As an instance, research proves that in united states of america of america, there has been a terrific shift in multicultural counselling following the 1960s Civil Rights movement and perception and state of

Well, hasn’t 2016 been eventful. The ups and downs of Brexit, the Queen’s 90th, Andy Murray winning Wimbledon, Trump, Bake Off to Channel 4 and something close to the hearts of every buy to let landlord and homeowner in Exeter … the Exeter property market.

So, let’s look at the headlines for the Exeter property market…

In the last month, Exeter property values rose by 0.06%, leaving them, year on year 4.1% higher, whilst interestingly, Exeter asking prices are down 0.9% month on month. All three statistics go to show the Exeter property market has recovered well after the summer lull, which was worsened by the uncertainty surrounding the EU vote back in June. Irrespective of all the issues, the average value of an Exeter home now stands at £290,300.

Generally, Exeter asking prices continue to hold up well, as asking prices are 5.7% higher year on year. At this time of year, asking prices tend to drop on the run up to Christmas and locally, they have dropped by 0.9% this month (November 2016), although this compares well with last year’s drop in Exeter asking prices, as we saw asking prices drop by 2.3% in November 2015.

Now it’s true to say, after chatting with fellow property professionals in Exeter, all of us have seen the number of property sales fall slightly, suggesting a slowing market, but it is very early days and it could be the time of year. Also, the numbers are limited, so it’s interesting to take note from a recent survey by the Royal Institution of Chartered Surveyors, stating new buyer enquiries and new instructions are falling at the same rate, suggesting that there will not be a downward pressure on property values.

Looking at the figures for the UK (as we can’t just look at Exeter in isolation), property values are generally rising slower than a few years ago, but on a positive note, there’s still growth across the UK. You see, slowing property value growth isn’t solely Brexit related, but after a number years of double digit rises in property values, affordability has weakened and cooling price growth is widely seen to be a natural correction of the market.

On the other hand, interest rates being at a record low of 0.25% are helping the property market. The cut in interest rates in the late summer was the medicine for the post-Brexit worry and will, as a consequence, ensure that the UK economy continues to be underpinned by buoyant property prices.

So, what will happen in 2017 in the Exeter property market?

Some say until we know what type of exit the UK will make from the EU it is hard to evaluate the outcome. Although, I believe, the whole Brexit issue is a sideshow to the main issue in the UK (and Exeter) housing market as a whole. As I have mentioned time and time again over the last few months, the biggest issue is demand outstripping supply when it comes to the number of households required to house us all. Exeter has an ever-growing population: with immigration (we still have at least two years of free movement from EU members into the UK), people living longer and the fact we need thousands of additional households as the country has nearly 115,000 divorces a year (where one household becomes two households). These are interesting times ahead!

About The Author

Thank you for visiting this blog. Northwood Exeter are a leading estate agent and professional team of local, friendly experts who are passionate about property. We are proud of our reputation across Exeter and the surrounding areas earned through our knowledge of the property market.

I have always shared my thoughts on the local property market in Exeter with my landlords, but now I want to share with everyone in the town.

On this blog, Gail Barnes I will talk about what is happening in the town's property market itself, even looking at specific streets or housing estates. At other times, we will post what we consider decent buy to let deals. Some will be on the market with me as we also sell property, but others will be on the market with other agents in Exeter. We like to look at the whole of market and give you, what we consider the best investment opportunities.

If you see a potential deal, and want a second opinion, without hesitation, email the Rightmove link to exeter@northwooduk.com , we will always give you our honest opinion on the property and its investment potential. (both good and bad) .

About The Blog

This blog follows the buy-to-let and sale market in Exeter. You'll find tips, guidance, and analysis that relates specifically to Exeter and you'll also find properties from all the estate agents in the town on here that may make decent investments. I operate Northwood Exeter with Gail Barnes and if you're thinking of buying a property to let in Exeter or just want an up to date Market Appraisal of your home, please do not hesitate to call me on 01392 435 130 or e-mail on exeter@northwooduk.com